Why do free trade proponents applaud successful trade deflection?
A) It circumvents trade restrictions within regional trade blocs.
B) It increases trade restrictions within regional trade blocs.
C) It promotes more rules of origin laws.
D) It decreases incentives for trade diversion.
A
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Everything else held constant, if a central bank makes an unsterilized ________ of foreign assets, then the domestic money supply will ________ and the domestic currency will appreciate
A) purchase; increase B) purchase; decrease C) sale; increase D) sale; decrease
People consume more fresh fruit in the summer than during the rest of the year, yet the prices of fresh fruit are lower in the summer than in other seasons. What accounts for this?
A) Fresh fruit is not subject to the law of supply. B) The supply of fresh fruit increases in the summer. C) Fresh fruit is an inferior good. D) Fresh fruit is not subject to the law of demand.